Tuesday June 13, 2017 - 10:14:43 GMT
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Amazing Trader Ideas For 13 June 2017 Register To Test Your Amazing Trader
Markets are settimg up for an expected 25bp rate hike tomorrow by the FOMC. A key focus will be the quaterly official Fed economic forecasts as they could influence the outlook for policy moves later in the year.
Today the EURUSD HOD has been 1.1225, while the LOD has been 1.1185. The psychological focus of trade remains the neutral 1.1200 level.
Forex trading conditions can change quickly, so use your AT charts to monitor current support (red) and resistance (blue) levels. The technicals frequently change ahead of the fundamentals. Changing colors and/or disappearing or new lines on the Amazing Trader (AT) charts will tell you which way the winds are blowing. Keep an eye on which color lines are being drawn or erased as your leading momentum indicator.
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